LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ChemoCentryx, Inc. (“ChemoCentryx” or “the Company”) (NASDAQ: CCXI) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The FDA released a “Briefing Document” on May 4, 2021, concerning ChemoCentryx's drug candidate avacopan. The FDA document notes that the agency’s review team "has identified several areas of concern, raising uncertainties about the interpretability of the data" found in the Company’s application, and also holds concerns about "the clinical meaningfulness of these results." Based on this news, shares of ChemoCentryx plunged by more than 45% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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